2019-10-28 10:26
The International Financial Corporation (IFC) and Standard Chartered Bank (StanChart), a member of the World Bank Group, have established a $1 billion facility to boost trade finance in emer… Read More
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2019-10-28 10:22
The Securities and Exchange Commission (SEC) and Bureau of Public Enterprises (BPE) are in talks with the Nigeria National Petroleum Corporation (NNPC) on getting the corporation’s sub… Read More
2019-10-28 10:16
Union Bank has organised its second education feasta titled; Edu360, in Lagos, drawing stakeholders from across the sector. They included government officials, policy makers, teachers… Read More
2019-10-28 07:46
Linkage Assurance Plc says it has secured the approval of its shareholders to increase the authorised share capital of the company from N7.5bn to N15bn. It said it would achieve this by the… Read More
2019-10-28 07:42
Anchor Insurance Company Limited said it recorded a gross written premium of N3.4bn at the end of 2018 financial period. A statement said this represented 54.38 per cent growth over the perf… Read More
2019-10-28 07:38
The solid minerals sector contributed N52.75bn to the revenue of the federation in 2017, a 21 per cent increase on the N43.22bn contributed by the sector in 2016, the latest report on the in… Read More
2019-10-28 07:34
Banking sector’s credit to private sector rose to N25.47tn in September, setting a new record for the year, a new report by the Central Bank of Nigeria has revealed. Analysts have said… Read More
2019-10-26 04:40
The Supreme Court has upheld the victory of Rivers State governor, Nyesom Wike, in the 2019 gubernatorial election. The nation’s apex court, in a judgment delivered by a panel of… Read More
2019-10-26 04:36
The Nigeria Police Force and a property development firm, Echostone Nigeria Limited, have signed an agreement for the development of 100,000 housing units across the country. The Director, E… Read More
2019-10-26 04:34
The Debt Management Office has said the Federal Government will not tap international debt markets for the remainder of the year. The Nigerian government approved a three-year plan in 2016 t… Read More
2019-10-26 04:30
Zenith Bank Plc said its gross earnings increased by four per cent from N474.6bn in the third quarter of 2018 to N491.26bn in third quarter of 2019. A statement from the group said its profi… Read More
2019-10-26 04:26
For the 31st consecutive month, the Central Bank of Nigeria’s Manufacturing Purchasing Managers Index recorded expansion rising to 58.2 index points. The CBN in the PMI report wh… Read More
2019-10-25 08:17
Chairman of the Police Service Commission (PSC), Alhaji Musliu Smith, has solicited the cooperation of Nigerians to strengthen the Nigeria Police Force (NPF). He said public partnerships wit… Read More
2019-10-25 08:13
Bayelsa State Governor Henry Seriake Dickson has said the purported members of the Peoples Democratic Party who defected to the All Progressives Congress are outsiders to the party. The gove… Read More
2019-10-25 08:09
The Senate on Thursday agreed with the Federal Government on the need to float an Infrastructure Bond of N10trillion towards creating a financial pool to meet funding gaps and road infrastru… Read More
2019-10-25 08:06
Kaduna State Governor Malam Nasir El-Rufai, Lagos State Deputy Governor Obafemi Hamzat, Chief Imam of Lagos State Sheikh Sulaimon Abou-Nolla and Home Affairs Commissioner Mrs Uzamat Akinbile… Read More
2019-10-25 08:03
A former Minister of the Federal Capital Territory (FCT) Jumoke Akinjide has accused the Economic and Financial Crimes Commission (EFCC) of coercing her to return the N650million that she is… Read More
2019-10-25 07:58
The Nigerian Agip Oil Company has announced a shut-in of its oilfield in Aggah community in Ogbia/Egbema Local Government Area of Rivers State, following pipeline leakage to forestall furthe… Read More
2019-10-25 07:54
Guinness Nigeria Plc has paid N340m as interest on its bank overdraft, which hit N8.68bn in the third quarter of the year. Guinness, in its financial statements for the three-month period en… Read More
2019-10-25 07:50
The Pension Transition Arrangement Directorate says it is targeting at least 14,000 pensioners for verification across the states within the North Central zone of the country. PTAD Executive… Read More
2019-10-25 07:47
The Federal Inland Revenue Service on Thursday said it collected the sum of N4.01tn in the first nine months of this year. The Executive Chairman, FIRS, Mr Babatunde Fowler, gave the figure… Read More
2019-10-25 07:43
Against the backdrop of recent accidents involving fuel tankers, the Department of Petroleum Resources said on Thursday that it would put an end to the loading and distribution of more than… Read More
2019-10-25 07:39
The body of Bank CEOs has commended the decision of the National Communications Commission to suspend the Unstructured Supplementary Service Data charges by telecommunication companies for a… Read More
2019-10-25 07:36
Fidelity Bank says it is committed to partnering with Lagos State on infrastructure development. Fidelity Bank, said in a statement that, Lagos State Governor, Mr Babajide Sanwo-Olu, had a m… Read More
2019-10-25 07:31
Investors in the capital market have decried the difficulties in reclaiming their dividends running into N126.03bn. Some of the shareholders, who spoke in separate interviews with our corres… Read More
2019-10-25 07:27
MTN Nigeria says it is ready to engage with stakeholders in the industry to find a solution to the USSD access charge dispute. The company, in a statement signed by the Company Secretary, Ut… Read More
2019-10-25 07:21
the Central Bank of Nigeria is billed to auction N93.13bn worth of treasury bills in a Dutch auction at the end of the month. The CBN said in its tender notice on Wednesday that the treasury… Read More
2019-10-24 11:52
SOME victims of last week’s fire incident in Onitsha, Anambra State, on Wednesday accused Governor Willie Obiano of not paying them a visit. The traders and their landlords said shops… Read More
2019-10-24 11:44
The Aliko Dangote Foundation (ADF) has initiated a programme to empower 774,000 women from each of Nigeria’s 774 local government areas. At least 1,000 women from each council will par… Read More
2019-10-24 11:36
President Muhammadu Buhari has renamed the Ministry of Communications following the request by the new Minister, Dr Isa Ali Pantami. It will now be known as the Ministry of Communications an… Read More
2019-10-24 11:33
The Minister of Interior Rauf Aregbesola, on Wednesday disclosed that there are 75, 000 inmates currently in the country’s correctional facilities. Aregbesola made the disclosure at a… Read More
2019-10-24 11:29
The Minister of Works and Housing, Babatunde Fashola on Wednesday said the Federal Government would spend N60.87billion on capital projects in the housing sector next year. Fashola spoke why… Read More
2019-10-24 11:26
The Electricity Distribution Companies (DisCos) have appealed to the National Assembly to intervene in the current liquidity crisis in the power sector. They said they will need N8.7 billion… Read More
2019-10-24 11:12
Autofast, the new quality and affordable service launched by Total Nigeria Plc, in partnership with CFAO Nigeria Plc, is offering 35 vehicular checks and routine maintenance within one hour… Read More
2019-10-24 11:09
FIRST City Monument Bank (FCMB) Limited’s performance in service delivery and customer satisfaction in the Nigerian banking industry, has been recognised. The bank has been given the… Read More
2019-10-24 11:07
ZENITH Bank Plc has announced its unaudited results for the third quarter ended 30 September, 2019, with numbers that clearly demonstrates its market dominance and leadership. From the unaud… Read More
2019-10-24 11:04
IN recognition of the contribution of its Firstmonie Agents towards the Bank’s resolve at promoting access to financial services to all Nigerians, First Bank of Nigeria Limited has ann… Read More
2019-10-24 07:53
OVH Energy Marketing Limited says it has partnered with the Oando Foundation to upgrade of a model primary school in Onne, Port Harcourt, Rivers State. According to a statement, the school i… Read More
2019-10-24 07:48
The Nigerian National Petroleum Corporation has engaged Russian firms and the state company to rehabilitate Nigeria’s four refineries. The NNPC’s Group Managing Director, Mele Ky… Read More
2019-10-24 07:44
The Lekki Deep Seaport project has received a major boost with the signing of a $629m financing facility with China Development Bank. Four agreements, including the financing facility, were… Read More
2019-10-24 07:38
The Executive Chairman, Federal Inland Revenue Service, Mr Tunde Fowler, has said Nigeria loses about $15bn to tax evasion annually. The $15bn, when converted based to naira on N358 to… Read More
2019-10-23 12:00
The Senate Tuesday said that it planned to pursue the query and inquiry of how over N14. 376 billion was allegedly moved out the 2017 budget of Nigerian Export Processing Zone Authority (NEP… Read More
2019-10-23 11:55
National Assembly Joint Committee on Ethics, Privileges and Public Petition yesterday asked anti-corruption agencies to investigate a contractor for abandoning a project after collecting N1… Read More
2019-10-23 11:51
LABOUR is set for showdown with state governments that may not be ready for immediate implementation of the new minimum wage. Officials said on Tuesday that after securing an agreement with… Read More
2019-10-23 11:28
Justice Folashade Giwa-Ogunbanjo gave the order on Tuesday in a ruling on an ex-parte motion for orders of interim forfeiture filed by the EFCC and argued by the agency’s lawyer, Moham… Read More
2019-10-23 11:05
Alhaji Aminu Goronyo, National President, Rice Farmers Association of Nigeria (RIFAN), has said that the closure of the country’s land borders is a good omen for Nigeria’s blosso… Read More
2019-10-23 11:00
A GROUP, the Organised Private Sector Exporters Association (OPEXA), has demanded N70 billion for the 2020 budgetary provision for Export Expansion Grant (EEG) to exporters due to the… Read More
2019-10-23 10:56
The Lagos Commodities and Futures Exchange (LCFE) has indicated its readiness to partner Ecobank to enable the seamless settlement of trades across Africa as it starts trading in a few weeks… Read More
2019-10-23 10:04
FirstBank of Nigeria Limited has been awarded the Best Private Bank and Best Retail Bank in Nigeria awards by World Finance Magazine and Global Banking and Finance Review. Editor, Globa… Read More
2019-10-23 10:00
THE Central Bank of Nigeria (CBN) and 15 commercial banks have injected N228.28 billion into the Asset Management Corporation of Nigeria (AMCON) in 12 months, a CBN Financial Stability Repor… Read More
2019-10-23 09:56
Telecommunication companies on Tuesday said banks were the biggest beneficiaries of the USSD charges. They also accused bank executives of making unfounded allegations against them regarding… Read More
2019-10-23 09:52
Stanbic IBTC Holdings Plc, a member of Standard Bank Group, said it won three awards at the All Africa Employee Engagement Awards in Sandton, Johannesburg, South Africa recently. A statement… Read More
2019-10-23 08:00
The African Export Import Bank has said that its intervention in the maritime sector in the last three years include more than $500m facilities for the Onne Port expansion in the Onne FTZ, N… Read More
2019-10-23 07:56
The Executive Secretary, Pension Transition Directorate, Dr Chioma Ejikeme, has said that the directorate is working on how it will enrol pensioners on the National Health Insurance Scheme… Read More
2019-10-23 07:52
The Asset Management Corporation of Nigeria has recovered a total of N759bn from debtors. Some of the debtors also forfeited their properties worth N263.73bn, a new report released by the Ce… Read More
2019-10-23 07:48
The amount spent on fuel subsidy by the Nigerian National Petroleum Corporation increased by N58.6bn within one month, the latest figures released by the corporation on its financial report… Read More
2019-10-22 12:43
President Muhammadu Buhari on Monday evening arrived Sochi, Russia, ahead of Russia – Africa Economic Forum fixed for between Oct. 23 and Oct. 25. State House correspondent of the News… Read More
2019-10-22 12:40
A Federal High Court in Abuja has ordered the temporary forfeiture of 23 properties allegedly linked with the ex-Chairman of the Pension Reform Task Team, Abdulrasheed Maina. Justice Folasha… Read More
2019-10-22 12:37
Mrs Hadiza Sabo, the Nasarawa State Chairperson of Market Women Association (MWA), has implored traders not to increase the prices of their goods following approved minimum wage for workers… Read More
2019-10-22 12:33
The Buhari Media Organisation (BMO) says President Muhammadu Buhari’s decision to set new travel guidelines for public officials to reduce cost of governance is commendable. In a state… Read More
2019-10-22 08:10
The Executive Secretary, Nigerian Investment Promotion Commission (NIPC), Yewande Sadiku said two firms with total investment valued at N185.63billion and staff strength of 3085… Read More
2019-10-22 08:01
The Nigerian National Petroleum Corporation (NNPC) said it remitted N729.3billion and N602.30billion to the Federation Accounts and Joint Ventures (JV) respectively between July 2018 a… Read More
2019-10-22 07:57
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has called on the International Monetary Fund to proffer country specific policies in order to address the issue of h… Read More
2019-10-22 07:52
United Bank for Africa Plc posted a profit after tax of N81.63bn for the nine months ended September 30, 2019. This, the bank said, showed a 32 per cent increase over N61.69bn reported in ni… Read More
2019-10-22 07:48
Savannah Petroleum Plc, a British independent oil and gas company focused around activities in Niger and Nigeria, has announced the signature of a $74m unsecured loan facility. The company s… Read More
2019-10-22 07:43
The International Monetary Fund has said Nigeria needs to reduce fuel subsidy at a time when oil prices are low in order to bring about more productive government spending. The IMF, in its n… Read More
2019-10-22 07:40
FBN Holdings Plc said it recorded N439.9bn gross earnings, flat year-on-year, from January to September 2019 from N441.5bn in the corresponding period of 2018. In a statement on its unaudite… Read More
2019-10-22 07:36
The Nigeria Deposit Insurance Corporation has remitted over N212.7bn into the Consolidated Revenue Fund since its inception about 30 years ago, in conformity with the Fiscal Responsibility A… Read More
2019-10-22 07:32
The Securities and Exchange Commission has revealed plans to introduce regulations on the use of crowdfunding by small businesses to raise capital. The acting Director-General, SEC, Ms. Mary… Read More
2019-10-22 07:28
The value of investment by institutional investors in the nation’s capital market has dropped by N203.67bn in one year. According to the foreign portfolio investment report published b… Read More
2019-10-22 07:24
The Nigerian Stock Exchange has listed Union Bank of Nigeria Plc’s N30bn10-Year bond. The NSE said in a notice that the N30bn bond was listed at 16.20 per cent interest rate under the… Read More
2019-10-21 12:43
Ekiti State Governor, Dr. Kayode Fayemi, says his government has paid the N4billion counterpart funds arrears to the Universal Basic Education Commission (UBEC) for 2014, 2015, 2016 and 2017… Read More
2019-10-21 12:41
The All Progressives Congress (APC) in Oyo State has raised the alarm over plans by the administration of Governor Seyi Makinde to spend N8billion on the proposed reconstruction of the Iwo R… Read More
2019-10-21 12:38
THE Academic Staff Union of Universities (ASUU) is planning another showdown with the Federal Government over what it called the government’s planned imposition of Integrated Personnel… Read More
2019-10-21 12:16
An intense battle has ensued over Ibrahim Magu’s tenure as Chairman of the Economic and Financial Crimes Commission (EFCC). A group of politicians and others affected by the aggr… Read More
2019-10-21 12:10
Chief Edward Onoja has been was on Monday sworn-in as the Deputy Governor of Kogi State. He was earlier screened by members of state assembly, at the assembly complex in Lokoja. The swearing… Read More
2019-10-21 12:05
The Central Bank of Nigeria (CBN) on Friday made an intervention of $325.5million in the retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short-tenored forw… Read More
2019-10-21 12:00
The Nigeria Deposit Insurance Corporation has paid off 526,414 depositors of liquidated banks, the Managing Director of the corporation, Alhaji Umaru Ibrahim, has said. He said all the depos… Read More
2019-10-21 11:55
AIICO Insurance Plc says it has received shareholders’ approval to increase its authorised share capital from N10bn to N18bn. A statement from AIICO said this was in line with the comp… Read More
2019-10-21 11:49
The closure of Nigeria’s land borders for over two months has elicited reactions from different stakeholders, with farmers expressing support for the action. But some economists, inclu… Read More
2019-10-21 11:47
The Asset Management Corporation of Nigeria has approached the judicial arm of the country to enable it to access bank details of its debtors, after been given the power to do so under the A… Read More
2019-10-21 08:04
The Accountable Leadership for Better Nigeria Initiative on Sunday condemned statements made by the Minister of State for Petroleum Resources, Timipre Sylva, on why the Federal Government wo… Read More
2019-10-21 08:01
The Shell Petroleum Development Company of Nigeria Limited has disbursed a total of N41.1bn ($228m) to fund development projects in Rivers, Delta, Bayelsa and Abia states in the last 13 year… Read More
2019-10-21 07:57
The Securities and Exchange Commission is looking to attract more oil and gas firms, including the Nigerian National Petroleum Corporation and the Nigeria LNG to the Nigerian Stock Exchange… Read More
2019-10-21 07:52
The Federal Government on Sunday said it had opened discussions with the United Kingdom on the possibility of raising “Jollof Bond’ to finance the national budget. The Mini… Read More
2019-10-21 07:44
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has kicked against MTN Nigeria’s plan to start charging its subscribers for Unstructured Supplementary Service Data access to… Read More
2019-10-19 04:54
It was all jubilation for the leadership of the Nigeria Labour Congress (NLC) on Friday after reaching a deal with the Federal Government on the new salary structure for public servants. The… Read More
2019-10-19 04:50
The All Progressives Congress (APC) has challenged the People’s Democratic Party (PDP) to be ready for a real election, where votes will count and not banking on using guns. The Nation… Read More
2019-10-19 04:46
Chairman, Senate Committee on Appropriation, Senator Jibrin Barau, on Friday disapproved of holding budget defence sessions in secret by some committees. Senator Barau, who gave this indicat… Read More
2019-10-19 04:42
President Muhammadu Buhari has congratulated Sir Kensington Adebukunola Adebutu on the conferment of the title ‘‘Odole –Oodua’’ October 19, 2019, by His Imperia… Read More
2019-10-19 04:38
Governor Aminu Bello Masari of Katsina State on Friday at the government house urged the military to go after unrepentant bandits who refuse to embrace the current olive branch offered by th… Read More
2019-10-19 04:33
The Central Bank of Nigeria (CBN) will soon sanction banks and their customers diverting agriculture and Bank of Industry (BoI) loans to government securities, The Nation has learn… Read More
2019-10-19 04:27
The equities market of the Nigerian Stock Exchange has ended it’s activities for the week with the All-Share Index depreciating by 0.32%. Similarly, all other indices finished lower wi… Read More
2019-10-19 04:22
The amount of electricity generated by the nation’s power plants fell below 3,000 megawatts on Friday, dropping by over 600MW in 24 hours. The power stations were forced to either shut… Read More
2019-10-19 04:18
The Nigerian treasury bills auctioned in October was oversubscribed by N512.22bn. The Debt Management Office disclosed that N121.88bn treasury bills of N5.84bn 91-day, N3.5bn 182-day and N11… Read More
2019-10-19 04:12
The Nigeria Deposit Insurance Corporation has said that it has paid off no fewer than 526,414 depositors of closed Deposit Money Banks and Micro Finance Banks since its inception 30 years ag… Read More
2019-10-18 10:44
LABOUR and the Federal Government last night reached an agreement on the consequential adjustment to the salaries of senior civil servants towards the full implementation of the new minimum… Read More
2019-10-18 10:37
President Muhammadu Buhari on Thursday approved the release of N10billion intervention fund to upgrade the Akanu Ibiam International Airport in Enugu. This was announced hours after a meetin… Read More
2019-10-18 10:33
THE Senate on Thursday directed the Acting Managing Director, Niger Delta Development Commission (NDDC), Dr Enyia Akwagaga, to appear before it next Tuesday. Senate Committee on Public Accou… Read More
2019-10-18 10:29
Oyo State Governor, Mr. Seyi Makinde, has said that the security challenges confronting the people of the Southwest will soon be a thing of the past as governors in the region are working on… Read More
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